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Presentation materials Q1 2008
Wednesday, May 07, 2008
Please find attached the presentation materials for the presentation of the first quarterly results  that will be given to day, May 7.
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Q1 Results 2008
Wednesday, May 07, 2008
Operating revenues for the first quarter amounted to USD 21.7 million (USD 10.3 million). Operating profit was USD - 25.6 million (USD - 22.1 million), and net profit was USD - 33.6 million (USD - 16.6
million).
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US$ 300 million bank facility for Sevan Voyageur
Tuesday, May 06, 2008
Sevan Marine's affiliate Sevan 300 Pte Ltd has signed an agreement for a US $300 million senior debt project finance facility for the Sevan Voyageur with mandated lead arrangers GE Energy Financial Services and GE Transportation Finance. GE Capital Markets will syndicate the facility, fully underwritten by the lead arrangers, to a limited group of international banks. Norway's export credit agency, GIEK, has partially guaranteed the facility. Eksportfinans funded GIEK's portion of the facility.
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Sevan Marine ASA is listed on Oslo Børs (ticker SEVAN) and is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and one drilling unit contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture.

 
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© 2008 Sevan Marine ASA  • Kittelsbuktveien 5, 4836 Arendal, Norway  •  Phone: +47 37 40 40 00 •  E-mail: post@sevanmarine.com